Belfast Dental Implant Clinic Ltd. Filleted Accounts Cover
Belfast Dental Implant Clinic Ltd.
Company No. SC376673
Information for Filing with The Registrar
30 April 2023
Belfast Dental Implant Clinic Ltd. Balance Sheet Registrar
at
30 April 2023
Company No.
SC376673
Notes
2023
2022
£
£
Fixed assets
Tangible assets
4
3,050,8811,616,512
Investments
5
650,0011
3,700,8821,616,513
Current assets
Stocks
6
29,0009,500
Debtors
7
697,1141,149,779
Cash at bank and in hand
427,791387,103
1,153,9051,546,382
Creditors: Amount falling due within one year
8
(2,033,609)
(759,479)
Net current (liabilities)/assets
(879,704)
786,903
Total assets less current liabilities
2,821,1782,403,416
Creditors: Amounts falling due after more than one year
9
(2,248,562)
(704,500)
Provisions for liabilities
Deferred taxation
(71,968)
(21,453)
Net assets
500,6481,677,463
Capital and reserves
Called up share capital
100100
Profit and loss account
12
500,5481,677,363
Total equity
500,6481,677,463
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 21 February 2024
And signed on its behalf by:
S.D. Lutton
Director
21 February 2024
Belfast Dental Implant Clinic Ltd. Notes to the Accounts Registrar
for the year ended 30 April 2023
1
General information
Its registered number is: SC376673
Its registered office is:
Its trading address is:
3B Ormiston Terrace
743-745 Lisburn Road
Edinburgh
Belfast
EH12 7SJ
BT9 7GW
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland (March 2018) and the Companies Act 2006.
2
Accounting policies
Turnover
Turnover represents the value of goods provided to customers and work carried out in respect of services provided to customers adjusted for opening and closing accrued or deferred income in respect of contracts in progress at the year end. Turnover in respect of contracts for on-going services is recognised by reference to the stage of completion.
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Plant and machinery
20% Straight line or over term of lease
Furniture, fittings and equipment
25% Straight line
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Investments
Unlisted investments (except those held as subsidiaries, associates or joint ventures) are recognised initially at fair value less attributable transaction costs. Subsequent to initial recognition, any changes in fair value are recognised in profit and loss.
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of inventories recognised as an expense in the period in which the reversal occurs.

Work in progress is reflected in the accounts on a contract by contract basis by recording revenue and related costs as contract activity progresses.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Leased assets
Where the company enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.

Leases which do not transfer substantially all the risks and rewards of ownership to the Company are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the Company at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately in profit or loss, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the Company's policy on borrowing costs (see the accounting policy above).

Assets held under finance leases are depreciated in the same way as owned assets.

Operating lease payments are recognised as an expense on a straight-line basis over the lease term.

In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.
Defined contribution pensions
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations.
The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
Provisions
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.
3
Employees
2023
2022
Number
Number
The average monthly number of employees (including directors) during the year was:
2518
4
Tangible fixed assets
Land and buildings
Plant and machinery
Fixtures, fittings and equipment
Total
£
£
£
£
Cost or revaluation
At 1 May 2022
1,503,600330,08323,5221,857,205
Additions
1,235,995245,87338,7801,520,648
At 30 April 2023
2,739,595575,95662,3023,377,853
Depreciation
At 1 May 2022
-217,67023,023240,693
Charge for the year
-76,3349,94586,279
At 30 April 2023
-294,00432,968326,972
Net book values
At 30 April 2023
2,739,595281,95229,3343,050,881
At 30 April 2022
1,503,600
112,413
499
1,616,512
5
Investments
Other investments
Total
£
£
Cost or valuation
At 1 May 2022
1
1
Additions
650,000
650,000
At 30 April 2023
650,001
650,001
Provisions/Impairment
Net book values
At 30 April 2023
650,001
650,001
At 30 April 2022
1
1
6
Stocks
2023
2022
£
£
Raw materials and consumables
29,0009,500
29,0009,500
7
Debtors
2023
2022
£
£
Amounts owed by group undertakings
666,8811,096,445
Corporation tax recoverable
23,746-
Other debtors
680-
Prepayments and accrued income
5,80753,334
697,1141,149,779
8
Creditors:
amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
151,16467,312
Other loans
10,714171,623
Obligations under finance lease and hire purchase contracts
67,59233,567
Trade creditors
512,973-
Amounts owed to group undertakings
98,659
131,210
Taxes and social security
7,361
182,498
Loans from directors
64,490452
Other creditors
64,27464,414
Accruals and deferred income
1,056,382108,403
2,033,609759,479
9
Creditors:
amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
2,013,586303,606
Other loans
16,964322,830
Obligations under finance lease and hire purchase contracts
218,01278,064
2,248,562704,500
Liabilities repayable in more than five years after the balance sheet date
Amount repayable by instalments
1,736,191
79,540
1,736,19179,540
The Bank of Ireland hold a fixed and floating charge over the land and buildings owned by the company in respect of the term loan and bank overdraft.
10
Creditors: secured liabilities
2023
2022
£
£
The aggregate amount of secured liabilities included within creditors
2,111,731358,846
11
Share Capital
Ordinary £1 shares
12
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
13
Guarantees and commitments
2023
2022
£
£
Pension commitments, included in above total
2,7742,193
The pension commitment relates to the company auto enrolment scheme
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